Wednesday, April 20, 2005

4/20/2005 Rally cap

INTC and YHOO both with great earnings PPI numbers came out high. PFE earnings were not too bad so I think I will stay with them for a bit, same for LLY. THe next week should be positive for the mkt as I think the huge drop last week made some ppl think that there are some good deals out there now. Im long the market for the short term here, I didnt expect such solid numbers from INTC and YHOO. PPL are starting to worry about summer gas inventories and OPEC saying they might trim production.

Staying long oil and nat gas has proven to be pretty good oil 52.71 (Im up 4.3%) nat gas 7.118 (Im up 1.6%)

My call to continue market short went in my face a bit, I broke even since last post. Im long now 115.30

TOL continue to short this, sold off hard then came back a bit (75.5 im up 1.9%)

Gold, dollar is still weak and will come off. Continue long! (433.8 im up 1.7%)